The USDCHF pair provided temporary positive trades yesterday, but the EMA50 formed solid resistance barrier against the price, to rebound bearishly and settle near 0.9525 again, waiting to get strong negative motive that push the price to break this level and rally towards our next target that reaches 0.9400.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9630 and holding above it.
The expected trading range for today is between 0.9480 support and 0.9600 resistance.
The expected trend for today: Bearish
Origin: Economies
